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    Dropline Overdraft

    LoanSeva’s Dropline Overdraft is a flexible financial solution designed to give businesses and professionals easy access to working capital whenever they need it. Unlike traditional loans, a dropline overdraft provides a pre-approved credit limit that decreases gradually over the loan tenure. You pay interest only on the amount utilized, helping you manage cash flow efficiently.

    Ideal for entrepreneurs, traders, and MSMEs, this facility ensures uninterrupted business operations without the stress of rigid EMIs. At LoanSeva, we offer quick approvals, minimal documentation, and competitive interest rates to meet your short-term and recurring financial needs.

    Our Dropline Overdraft allows you to withdraw funds multiple times within your sanctioned limit, providing financial flexibility and control.

    Documents Required

    • ✅ PHOTOGRAPHS (2)
    • ✅ PAN CARD COPY
    • ✅ AADHAR CARD + PASSPORT
    • ✅ ADDRESS PROOF (IF RENTED, ALSO REQUIRED PERMANENT ADDRESS PROOF)
    • ✅ LAST 3 YEARS FORM-16, ITR WITH COMPUTATION OF INCOME (IF FILED)
    • ✅ LAST 1 YEAR BANK STATEMENT – SALARY ACCOUNT
    • ✅ LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)
    • ✅ COMPLETE PROPERTY PAPERS WITH CHAIN & MAP + ATS
    • ✅ PROCESSING FEE CHEQUE IN FAVOUR OF BANK
    • ✅ LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
    • ✅ PHOTOGRAPH BOTH
    • ✅ PAN CARD CLEAR COPY – PROPRIETOR
    • ✅ ADDRESS PROOF (PASSPORT, VOTER ID CARD) – PROPRIETOR
    • ✅ OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
    • ✅ FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
    • ✅ LAST 1 YEAR GST RETURN COPY
    • ✅ FIRM 3 YEARS ITR COMPUTATION, PROFIT & LOSS A/C, BALANCE SHEET, TAX AUDIT REPORT, ALL SCHEDULES & ANNEXURES
    • ✅ PROVISIONAL FINANCIAL AY 2019–20
    • ✅ BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT – LAST 1 YEAR UPDATED)
    • ✅ 6 MONTHS SAVING ACCOUNT STATEMENT UPDATED – PROPRIETOR
    • ✅ IF RUNNING ANY LOAN – PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULE
    • ✅ AGREEMENT TO SELL COPY
    • ✅ PROPERTY PAPERS WITH CHAIN & SANCTION MAP
    • ✅ PHOTOGRAPH PARTNERS
    • ✅ PAN CARD – COMPANY, ALL PARTNERS
    • ✅ ADDRESS PROOF – ALL PARTNERS (PASSPORT, VOTER ID CARD, PAN, AADHAAR)
    • ✅ FIRM ADDRESS PROOF – LATEST ANY UTILITY BILL
    • ✅ PARTNERSHIP DEED COPY
    • ✅ GST CERTIFICATE
    • ✅ GST RETURN – LAST 1 YEAR
    • ✅ 3 YEARS COMPANY ITR, COI, P/L A/C, BALANCE SHEET + AUDIT REPORT (3CB, 3CD), ALL ANNEXURES & SCHEDULES WITH CA CERTIFICATION
    • ✅ PROVISIONAL FINANCIAL AY 2019–20
    • ✅ 3 YEARS – ALL PARTNERS INDIVIDUAL ITR + COMPUTATION
    • ✅ FIRM ALL BANK ACCOUNT STATEMENTS – 1 YEAR UPDATED
    • ✅ ALL PARTNERS SAVING ACCOUNT STATEMENTS – 6 MONTHS
    • ✅ IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULE
    • ✅ AGREEMENT TO SELL COPY
    • ✅ PROPERTY PAPERS COMPLETE CHAIN WITH MAP
    • ✅ ALL DIRECTORS PHOTOGRAPH
    • ✅ CLEAR PAN CARD – COMPANY AND ALL DIRECTORS
    • ✅ ADDRESS PROOF – COMPANY AND DIRECTORS
    • ✅ LIST OF DIRECTORS & SHAREHOLDERS WITH CA CERTIFIED AS ON DATE
    • ✅ MEMORANDUM ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)
    • ✅ GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
    • ✅ 1 YEAR GST RETURNS
    • ✅ ALL DIRECTORS INDIVIDUAL ITR & COMPUTATION LAST 3 YEARS
    • ✅ LAST 3 YEARS COMPLETE FINANCIALS WITH TAX AUDIT REPORT AND ANNEXURES
    • ✅ PROVISIONAL FINANCIAL FY 2019-20 OR MONTH-WISE SALES FIGURE LAST 1 YEAR
    • ✅ COMPANY ALL BANK ACCOUNT STATEMENTS – 1 YEAR UPDATED
    • ✅ ALL DIRECTORS SAVING ACCOUNT STATEMENTS – 6 MONTHS
    • ✅ IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULE
    • ✅ AGREEMENT TO SELL COPY
    • ✅ PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP

    Frequently Asked Questions

    It’s a credit facility that allows you to withdraw funds up to a fixed limit, which gradually reduces over time.

    Self-employed individuals, business owners, and SMEs with steady income or turnover can apply.

    You pay interest only on the amount you use, making it cost-effective and flexible.

    The overdraft limit decreases monthly or quarterly until the tenure ends.

    Yes, it is usually secured against property, deposits, or other business assets.

    LoanSeva ensures quick processing — typically within 3 to 7 working days, subject to verification.